Sinha: Surcharge on super-rich fine
A higher income tax rate for the “super-rich” may be a bad idea as it would be a “powerful disincentive” for them to comply, but a surcharge, being temporary in nature, could still be tried, according to former finance minister and BJP leader Yashwant Sinha. In an interview to MK Venu for Rajya Sabha TV, Sinha also endorsed the idea of increasing tax on dividend income above a threshold.
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